Comment by matt__rose | Hacker News Reader

Comment by matt__rose | Hacker News Reader

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That is the exact same argument that KK was making in that Wired piece. Quote:

  How many times in the history of mankind have we wired the planet to create a single marketplace? How often have entirely new channels of commerce been created by digital technology? When has money itself been transformed into thousands of instruments of investment? It may be that at this particular moment in our history, the convergence of a demographic peak, a new global marketplace, vast technological opportunities, and financial revolution will unleash two uninterrupted decades of growth.

Style note - embedding a few spaces causes most of the text to scroll off into the right - for long quotes like that, better to put them in emphasis asterisks to set them out.

I don't think it's exactly the same. The tone in the Wired piece is way over the top, "hyperaffluence" and what have you. Can you see the difference between saying "Everyone's going to be rich! All our problems are solved! Utopia is here!" and saying "the technology market will continue to be a reasonably sound investment" ?

seems like more or less the same message. We are in a new era now, the fundamentals of economics have shifted because we say so and everyone should donate their life savings to our cause!

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